Markets.com Review

Markets.com Review
Markets.com Review

Regulation : CySEC, FCA, Banque De France, BaFIN and other leading EU regulators

Accepts US Clients: No

Min. Deposit : $100

Leverage : 1:200

Platforms : Sirix Web Trader, MetaTrader, Market Mobile Trader, Market Multi Terminal

We Like

  • High amount of welcome bonus up to $2000
  • Reliable and regulated forex broker
  • Offers several trading platforms

We Don't Like

  • Min. initial deposit higher than many other brokers
  • Does not accept Paypal
The Verdict :

Besides some minor limitations, this broker is a reliable broker due to regulation and other attractive features. Their wide range of trading platform and high welcome bonus attract traders to trade with them.

  • Expert Opinion
  • User reviews
  • Specifications

Markets.com-review
Markets.com is a growing broker established in 2006 and online since 2010. This broker is in the list of fastest growing forex and CFDs brokers. Markets.com broker is regulated in European countries. The headquarter of this broker is in Cyprus. Markets.com is regulated by CySEC, FCA, Banque De France, BaFIN and other leading EU regulators.

Trading Platform:

Markets.com provides various trading platforms for their clients. They have 4 different trading platforms. These are as follows,
Sirix Web Trader:
This is a web-based trading platform of Markets.com broker. This platform allows traders to trade from anywhere instantly without using any trading platform. This platform has technical charts, social networking with traders, market trends and many other features.
MetaTrader:
Like many other forex brokers, Markets.com provides MetaTrader 4 trading platform. MetaTrader 4 is extremely popular and widely used trading platform in the forex world. Advanced charting tools, automated trading facility, account summary, account history and other additional features of MetaTrader 4 trading platform has made it extremely popular.
Market Mobile Trader:
Traders can trade from their mobile phones using Market Mobile Trader platforms. This platform allows traders to trade in forex market by iPhone, Android phones and Blackberry version 6.
Market Multi Terminal:
This is MetaTrader based trading platform developed for fund managers. Fund managers can trade and monitor multiple trading accounts using this platform. All the functions of MetaTrader 4 are also available in this type of platform.

Main Features:

The main feature of this broker is the high welcome bonus offers. This is helpful for new comers and beginners as they can trade without significant risk. Besides this, they offer 10% bonus on deposit.

Their regulation is very reliable as they are regulated in many European countries. Traders often choose this broker due to its reliability.

They offer both variable and fixed spreads. They allow traders to trade in their wide list of trading instruments.

Their Expert Advisors team, trading signals and charting aids services are very helpful for every kind of traders. They have an education corner to help traders to learn about forex market and trading.

Types of Trading Accounts:

Markets.com offers three different types of trading accounts. Traders can choose their suitable one among these.
Classic Account:
This type of account is suitable for beginners and small traders as the minimum deposit is reasonable. The minimum deposit for this type of account is $100. Dedicated account manager facility is also available for this type of trading account.
Standard Account:
Standard accounts are suitable for experienced traders as initial deposit requirement is high. Minimum deposit for this type of account is $2500. Trading signals and premium trading analysis are available besides dedicated account manager facility.
Premium Account:
These accounts are suitable for big investors or traders as initial deposit should be minimum $20000 which is pretty high for beginners. Dedicated account manager, trading signals, premium trading analysis and premium customer support are available for this type of trading account.

Commissions and Spreads:

Markets.com offers both variable and fixed spreads. Spreads are as low as 3 pips for the major currencies. Traders can switch spread status from variable to fixed or fixed to variable. Traders have to contact to account manager to change the spread status.

Customer Service:

Markets.com is really unique in case of customer service. They provide 24/5 customer service through telephone and email. They have 33 phone numbers for different countries.

Besides telephone support, they have email support option for their customers. Markets.com also provide Live Chat support for their customers.

What We Liked:

Fixed and Variable Spreads: Markets.com offers both fixed and variable spreads. The spread status can be changed by requesting the account manager.

Trading Signals: Markets.com is dedicated to helping beginner forex traders by providing trading signals. Trading signals may play a vital role behind the trading success of many beginner and advanced forex traders.

Wide Range of Trading Instruments: Markets.com allows trading Indices, Gold, Silver, Oil, Stocks, Commodities, Bonds and CFDs. This long list of trading instruments has many trading instruments that other brokers do offer for their clients.

What We Disliked:

Low Leverage Ratio: Markets.com provides maximum 1:200 leverage which is not as high as many other forex brokers. Due to this low leverage ratio, traders with small initial deposit may lose interest to trade without adequate leverage.

No Paypal Payment is Allowed: Markets.com does not allow payments from Paypal. So Paypal users have to find alternative funding options to trade with this broker.

The Bottom Line:

Markets.com is a reliable broker with excellent features and offers. Their fixed and variable spread offering is their best feature. Their customer support, trading platforms and resource sections are excellent. They have some limitations which they should improve. They should increase their maximum leverage which is not adequate enough for traders with a small deposit. They should remain their attractive bonus offers to attract beginner traders.